As part of its record $1.6 billion overall settlement with state and federal officials for fraud and improper accounting, American International Group will pay states $343.5 million for underpayment of workers’ compensation premiums taxes and residual market assessments. The combined …
Encino, Calif.-based NAS Insurance Services has appointed Richard Robin president. He will be responsible for overall operations, including underwriting, marketing and administration. Ed Robin will continue to serve as chairman and will remain responsible for overall management and direction of …
Employment Practices LiabilityNuts & Bolts: CNA has introduced a stand-alone employment practices liability product. The new coverage, EPL Solutions, targets publicly traded commercial companies, financial institutions and financial service organizations. It includes expanded definitions and enhanced coverages that are designed …
When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks assumed. Adequate ITV should not be taken lightly. If insurers do not receive accurate values for the …
The National Association of Mutual Insurance Companies (NAMIC) and the insurance industry are working with the New Mexico Public Regulation Commission to finalize and implement proposed rate regulations that would convert the commercial lines of insurance to a “file and …
Southern Oregonians whose homes were flooded during recent rainstorms are getting used to waiting. They’ve got to wait for insurance adjusters to tell them how much they’ll cover for damages, and for investigators from the Federal Emergency Management Agency to …
Introduction to Insurance Glendale Community College (Calif.) has added new credit courses for training in the insurance industry. Courses were developed as part of a $1.2 million President’s Community-Based Job Training Grant involving 16 California Community College districts and several …
Dry conditions this year and heavy moisture last year could combine to make Arizona’s imminent wildfire season the most devastating yet, experts told Arizona Gov. Janet Napolitano at a roundtable discussion. Wildland fire experts expect fires to occur in both …
The Colorado House has introduced a bill that would create a Consumer Insurance Board to provide policy guidance to the Commissioner of Insurance, gather and prepare information for hearings regarding proposed insurance legislation and regulations, annually review the performance of …
Arizona lawmakers have preliminarily approved a bill and constitutional amendment that would deny workers’ compensation benefits to employees injured or killed on the job who test positive for alcohol or illegal drugs. Workers who have drugs or alcohol in their …
